Civilian Labor Force

AAA

DEFINITION of 'Civilian Labor Force'

A term used by the U.S. Bureau of Labor Statistics (BLS) to describe the subset of Americans who have jobs or are seeking a job, are at least 16 years old, are not serving in the military and are not institutionalized. In other words, all Americans who are eligible to work in the everyday U.S. economy.

INVESTOPEDIA EXPLAINS 'Civilian Labor Force'

The civilian labor force, which is recalculated monthly, is a key component of two commonly used employment calculations created by the BLS: the labor force participation rate and the unemployment rate. According to the BLS, from 1999 through 2009, the number of people in the U.S. civilian labor force ranged from about 138 million to 155 million.

RELATED TERMS
  1. Unofficial Strike

    A work stoppage by union members that is not endorsed by the ...
  2. Official Strike

    A work stoppage by union members that is endorsed by the union ...
  3. Jobs Growth

    A component of the Employment Situation Summary, reported monthly ...
  4. Current Population Survey

    A statistical survey that is performed by the U.S. Census Bureau ...
  5. Consumer Price Index For Urban ...

    A variation of the consumer price index, as complied by the Bureau ...
  6. Unemployment Rate

    The percentage of the total labor force that is unemployed but ...
Related Articles
  1. What You Need To Know About The Employment ...
    Economics

    What You Need To Know About The Employment ...

  2. Planning For Unemployment
    Budgeting

    Planning For Unemployment

  3. Losing Your Job: From A To Z
    Options & Futures

    Losing Your Job: From A To Z

  4. Examining The Phillips Curve
    Economics

    Examining The Phillips Curve

comments powered by Disqus
Hot Definitions
  1. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  2. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  3. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  4. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  5. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  6. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
Trading Center